Finance · Pension Schemes
Which of the following statements regarding Pension Funds are correct? A. Defined Benefit (DB) Pension Plans specify the contributions made by employers and employees, with the final pension benefit depending on accumulated contributions and investment returns. B. Defined Contribution (DC) Pension Plans guarantee a specific amount or percentage of the employee's salary as a pension benefit based on years of service. C. During the accumulation phase, contributions are invested, and the fund grows over the employee's working years. D. Employees may need to complete a vesting period before they become eligible to receive the employer-contributed portion of pension benefits. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A, C and D Only
- 2C and D Only✓
- 3B, C and D Only
- 4A and B Only
Correct answer
C and D Only
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